The safekeeping and administration of your investments are essential – but often overlooked – elements of protecting and growing wealth over time.
In addition to holding your marketable securities and cash securely, a custodian bank performs various other vital functions.
These include settling your transactions efficiently, execution on foreign exchange, collecting dividends, interest and other income, serving as your proxy for shareholder votes, and providing transparency into your wealth.
With $24 trillion in assets under custody and administration1 and a global custody network spanning more than a hundred markets worldwide, Citi is one of the largest custodian banks in the world.
As a client of the Private Bank, you benefit from access to Citi’s institutional capabilities and custodian services, delivered with personalized service from your dedicated team.
Our extensive resources, local expertise, and global coverage enable us to assist you with the requirements of increasingly multijurisdictional investments.
Our custody services aim to give you not only peace of mind, but also comprehensive and consolidated insights into your holdings at any given time.
As a global custodian, we offer clients centralized portfolio administration, consolidated reporting, dedicated client service and the safety benefits of holding assets in bank custody.
Our custody specialists work closely with you and your advisors to provide tailored strategies for your needs.
We can provide securities processing and trade settlement, while allowing you to work with your preferred third-party portfolio managers and brokers for trade execution and advice.
To help simplify administration, we offer liquidity management, asset pricing and valuation, notification of corporate actions, gift processing, income collection, remittances and transition plan support.
SAFETY OF ASSETS
In our custody, your assets are fully segregated from the assets of Citi.
You remain the beneficial owner of your assets and do not become a creditor of the bank.
Your securities will never be lent out (hypothecated).
In the unlikely event of Citi suffering financial distress, your assets would be allocated to you as the beneficial owner.
INSIGHT INTO YOUR WEALTH
We can hold your assets in custody with Citi, as well as all your assets from other relationships worldwide.
We can provide a transparent, consolidated view of your global holdings, convenient online access to account information through our digital banking platform, and comprehensive portfolio analysis and advice.
This not only simplifies your portfolio administration, but provides you real-time insights into your wealth.
Equipped with more information, you can make clearer and better decisions, acting on opportunities and mitigating risks.
There are important differences between the two strategies, especially in relation to asset safety, cost, client service and data.
Your assets can be impacted by the type of custody relationship under which they are held.
It’s essential to assess your reporting requirements when evaluating what a custodian can offer.
A custodian with the right resources, expertise, and coverage to help with multijurisdictional investments is crucial.
Meet our people
Meet our wealth expert
Murtuza leads a team of mortgage, banking, custody and private asset lending professionals, who work with clients in North America and Latin America to address their financing, liquidity, safeguarding, portfolio administration, and risk mitigation needs.
Murtuza has over 15 years of private banking and margin lending experience. Previously, he was the Global Head of Margin and Securities Backed Lending at Citi Private Bank. Earlier in his career, he was a member of the Private Bank Investment Finance team for nine years, based in Asia.
Murtuza holds an MBA in finance and the Chartered Financial Analyst and Financial Risk Manager designations.
Meet our wealth expert
Based in London, Samba leads our cash and custody solution teams in the region, helping clients to make use of their short-term liquidity and ensuring the safekeeping of their investments.
He is also the Global Chief Administrative Officer for Cash and Liquidity Solutions. Previously, he served as Chief Financial Officer for Citi Private Bank in EMEA and as Technology Director for Citi’s International Personal Bank.
Samba qualified as a Chartered Accountant and a Cost & Management Accountant.
Meet our wealth expert
Michael leads a team of custody sales professionals who provide asset safeguarding in custody and reporting solutions to clients in North America and Latin America, including ultra-high net worth individuals and families, multi-family offices, registered investment advisors and institutional clients, such as hedge funds and private equity firms.
Before joining Citi Private Bank, Michael spent 10 years as Executive Director and Head of J.P. Morgan Private Bank’s Americas Custody business. Prior to this tenure, Michael was a Managing Director with Modern Bank and served as First Vice President, Regional Manager, and Head of Global Custody Sales at HSBC Private Bank. Earlier in his career, Michael was Vice President and Section Manager of Custody Services at U.S. Trust. He began his career in financial services with Fiduciary Trust Company International.
See more of the insights we offer you by exploring our whitepapers on global custody and asset servicing.
Is your custodian helping you protect and grow your wealth?
It is important individuals and families assess the entire spectrum of considerations to find the right custodian for their needs.
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